Skip to main content
March 9, 2024
Question

How do I create an invoice to be payable in a foreign currency in QuickBooks Self-Employed?

  • March 9, 2024
  • 1 reply
  • 0 views
My account is set in USD and I need to send the invoice in GBP.

1 reply

March 9, 2024

I'd be delighted to share some information about the multi-currency feature, Gabby.

 

The multi-currency feature is unavailable in QuickBooks Self-Employed (QBSE). However, you can create an invoice and then manually convert the amount before recording it. 

 

To use this feature going forward, I recommend considering QuickBooks Online Essentials, Plus, or Advanced since they have this functionality built-in.

 

Here's how:
 

  1. Save your QBSE data, and go to the Reports menu.
  2. In the Tax details section, click a tax year.
  3. Click Download to get a Tax Details report.
  4. Download a report for each tax year you have.
  5. Download the transactions you need to move.
  6. Sign up for QuickBooks Online.

 

Feel free to check out this guide: Switch from QuickBooks Self-Employed to QuickBooks Online.

 

Furthermore, I'm adding this article on how to deal with exchange rates and foreign currencies: Set up and use Multicurrency in QuickBooks Online.

 

Let us know if you have further questions about currency. I've got you covered.